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Homes in Palm Beach County listing at prices 13 percent higher than last year

Consistent home price increases have emboldened Palm Beach County sellers to seek higher asking prices than last year.

According to a new report from Trulia, asking prices in Palm Beach County were up 13.3 percent from the same time in 2013. The hike in asking prices puts Palm Beach County in sixth place nationwide for asking price increases. Taking the top spot is Riverside, Calif., followed by runner-up Birmingham, Ala.

Nationally, asking prices increased 7.8 percent.

But the price increases are slowing.

For the first time in 26 months, no market had a year-over-year price increase of more than 15%. And only 1 west-coast market _ Riverside-San Bernardino, Calif. _ remains on the top-10 list for price increases.

“As the rebound effect diminishes, local housing markets need to depend more on job growth, which is a more sustainable driver of housing demand,” the Trulia report says.

Palm Beach County saw a 3.9 percent increase in jobs in December 2013 from the same time in 2012, according to the Trulia report.

Florida added 34,700 jobs in June, the most in the nation, the Florida Department of Economic Opportunity said last month. And Florida gained 237,500 positions in July over the year.